Bank of Cyprus

For the past two weeks, all eyes were focused on Cyprus and its bailout with the Troika of creditors made up of the European Union, the European Central Bank, and the International Monetary Fund. However, as part of the deal, Piraeus Bank, a Greek bank, has agreed to purchase the Greek operations...

German software giant SAP (NYSE: SAP) has announced that the company plans on going Greek. In its latest efforts to reorganize its European operations, Co-CEO Jim Hagemann Snabe announced that SAP is set to move its southern European headquarters to Greece in the latest sign of positive news for...

Late Sunday, Cyprus reached a deal with the Troika of creditors made up of the EU, the ECB and the IMF. In the deal, small deposits (mainly those of smaller, domestic savers) would be protected and the nation's banking sector would be drastically reformed. The draft proposal calls for Cyprus to...

Thought For The Day... Always and never are two words you should always remember never to use. - Wendell Johnson It is safe to say that all eyes are on Cyprus Monday morning as the proposed tax on savings accounts (10 percent on accounts over 100K euros and 6.75 percent on accounts below 100K)...